PM Modi again dominates international stage at COP28, launches ‘Green Credit’ initiative at UN climate talks

Narendra Modi, Prime Minister.- India TV Hindi.

Image source: PTI
Narendra Modi, Prime Minister.

Prime Minister Narendra Modi has once again given an opportunity to make the entire country proud at the international level. Prime Minister Narendra Modi has launched a new ‘Green Credit’ initiative at the ongoing United Nations Climate Change Summit (COP-28) in Dubai. On Friday, he said at the COP-28 forum that the world does not have much time to correct the mistakes of the last century. Therefore, I am announcing the launch of the ‘Green Credit’ initiative with a focus on creating a ‘carbon sink’ through people’s participation.

PM Modi also proposed India to host the UN Climate Conference or COP-33 in 2028. Addressing a high-level meeting of Heads of State and Government during the United Nations Climate Conference (COP28), Modi emphasized proactive and positive earth-friendly initiatives, saying the ‘green credit’ initiative transcended the commercial mindset associated with carbon credits. Is. . “It focuses on creating ‘carbon sinks’ through people’s participation and I invite all of you to join this initiative,” he said, stressing that the world has a lot to offer in the last century. There is so much to do. There is not much time to correct mistakes. The initiative is similar to the ‘Green Credit’ program announced in the country in October.

What is Green Credit?

Green Credit is an innovative market-based mechanism designed to reward voluntary environmental initiatives by individuals, communities and the private sector in a variety of sectors. Modi said that India has set a great example for the world by striking a balance between development and environmental protection. He said that India is one of the few countries in the world that is on track to achieve its Nationally Determined Contribution or national plans to limit temperature to 1.5 degrees Celsius. Modi was the only leader to join COP28 President Sultan Al-Jaber in the opening session along with UN Climate Change Executive Secretary Simon Stull on stage.

Humanity has been paying the price of indiscriminate exploitation for the past century.

PM Modi said that in the last century, a small section of humanity exploited nature indiscriminately. However, humanity as a whole is paying a price, especially those living in the ‘Global South’. The term ‘Global South’ is often used to refer to developing and less developed countries, mainly located in Africa, Asia and Latin America. “Only thinking about our own interests will lead the world into darkness,” the prime minister said. are facing a changing climate due to rising temperatures. As a result, we suffer from extreme climate events like floods, droughts, heat waves, cold waves etc.

PM Modi emphasized on energy transformation.

The prime minister called for striking a balance between climate change mitigation and adaptation and said the global energy transition must be “equitable and inclusive”. He called for technology transfer from rich countries to help developing countries deal with climate change. The Prime Minister is advocating the ‘Life for Environment’ campaign, urging countries to adopt an earth-friendly lifestyle and shun extreme consumerism. Citing a study by the International Energy Agency (IEA), he said this approach (LIFE campaign) could reduce carbon emissions by two billion tonnes. He urged countries to work together and take decisive action against the climate crisis.

India will reduce emissions by 45% by 2030.

“India is one of the few economies in the world that is on track to achieve its NDC (Nationally Determined Contribution) targets,” the Prime Minister said. A year ahead of schedule and the non-fossil fuel targets were achieved nine years ahead of schedule. “India is not stopping here, we are excited,” he said. The country aims to reduce GDP emissions by 45% below 2005 levels by 2030 and achieve zero emissions from non-fossil fuel-based energy by 2030. Percentage of gross installed power capacity to be obtained from the resource. It has also committed to becoming a ‘net zero’ economy by 2070. (language)

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